Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume VIII, Issue 2312, 4 June 1886, Page 4

nm PJBTfUNIO AND HUTT BUILDi ING AND INVESTMENT COMPANY. (Limited) Registered M May, 188 G. ; (Limiting tlio liability of shareholders to the amount of their shares.) CAPITAL .; £50,000 In 5000 Shares of £lO Each. Payable as follows:—2s Cd per share on application, 2s 6d on allotment, and 2s (id per share thereafter, payable monthly, for 38 successive months (if required), and on the first Monday of every month, until £5 per share is paid ; the balance (if required) as the Directors may appoint. No notice of instalments given to shareholders. Directors: Thomas Mason, Esq., settler, Taita, flutt Edward Barber, Esq., settler, Petone Charles F. Bcatson, Esq., architect, C.S. Hutt George Carter. Esq., builder, Petone James Hector, Esq., M.D., C.M.G., Petone S, R. Johnson, Esq., meichant, Petone 1 W.J, Kirk, Esq,, C.S., (Chairman Petone Town Board), Petono Bankers: The Colonial Bank of New Zealand. Secretary : Mr G. Bell Williamson. Solicitors : ' Brokers: Mcßsrs Williamson & Co, EXTRACTS PROM MEMORANDUM OF ASSOCIATION The objects for which the Company is established are : (a) The granting of loans on the mortgage of freehold and leasehold property in the colony of Now Zealand, repayable on such terms by instalment or otherwise as may be agreed on with the borrower, and subject to such bye-laws and other regulations of the Company as

may bo made affecting tho same. (1)) The granting uf loans on the security of sheep, wool, cattle, flax, agricultural produce, and other personal property generally; but not the making of advances or loans on or by discounting ! bills of exchange' or promissory notes, nor the granting advances or loans upon any security not herein generally described as a proper subject for advances or loans, (c) The purchasing, selling, exchanging, holding, leasing, and disposing of freehold and leasehold property in the said colony, {/) The borrowing and raising of any j sum or sums of money for the purposes of ; tho company, from any person or persons, ! for any period or periods, and either by ! receiving the same on deposit, or by the i issue of debentures, or by the giving of a I mortgage over any property of tho com- ! pany, or by transfer by way of mortgage j of any securities to the company, and the '■ paying of interest on such monies so I borrowed at such rate or rates as may bo j agreed upon. ((/) The receiving from any person or persons periodical instalments of money payable on certain fixed days, and of such amount as may bo agreed on with the , contracting to pay, and the paying to such person or persons at the expiration of any ' ment of the first of such instalments, any | sum of money as may be agreed upon. ! (i) The entering into, contracting for, I carrying out, and doing all such other j acts, matters and things as may bo inci- ! dental to, or conducive to the attainment j of all or any of the above objects, or all i or any objects of a like or similar nature, I &c, Ac, ■■ This Company will combine the ad- ! vantages derived from the experience of j many other similar successful institutions : now working in the colony. j Tho general principal aimed at is: That j the interests of all concerned shall be J purely reciprocal; the main features | being ;- ! 1. To provide capital whereby residents I and others will be enabled to acquire I property, freehold, or leasehold, in town ' or country, by means of easy periodical j repayments which leave a reasonable marj gin of profit to the Company, while being i amply protected in point of security. ! 2. To enable persons possessed of land i to erect buildings thereon, either by pro- ! gress-payments or in a lump sum, re--1 payable by instalments, or at tho expir- ! ation of a fixed period of years, I 3, To receive deposits, and to afford a ! safe and profitable investment both for | capitalists and during accumulation of smaller savings by otiiers, J 4. To grant loans to members on the j value of their shares; and, generally, to j encourage in every possible way—conI sistent with sound security—members in I tho direction of thrift and independence, by enabling them readily to acquire property, and particularly to obtain a comfortable freehold home, without incurring the exorbitant charges which so frequently attend privatejarrangements. 5. It must be obvious to every resident, and to every observer of the extraordinary progress of these localities, that this Company will provide for an absolute and urgent necessity which exists at the present time. 6. It is consequently believed that the residents, and the public generally, will warmly welcome and support tho advent of such an institution, the first in the district.

7. Also, that they will appreciate the privilogo of obtaining admission as shareholders to a financial undertaking of this description, at the commencement of ite operations, when no largo sum representing paid-up shares, nor the usual heavy premium on such are required as, owing to their success, is the case with most other financial Companies in tho Colony now carrying on business. 8. Tho Directors will consider each application for shares on its merits, and will allot accordingly, but they reserve the right to refuse any allotment absolutely if they shall think fit. In such cases the deposit will be returned in full. Applications for shares, in the form annexed, may be made to the Secretary at Wellington and Petone, either directly, or through the Brokers of the Company, or any Agents, Every application must be accompanied by the required deposit, or by a receipt from any Branch of the Colonial Bank for tho amount of such deposit. Application forms may be ob< tained from the Secretary and Brokers, their Agents, or at any Branch of the Colonial Bank of New Zealand. WILLIAMSON & CO., Star Chambers, 41, Lambfon-Quay, Wellington. FOR SALE. OATS and POTATOES _ of best quality delivered ir. or near Masterton in quantities to suit customers at Wholesale Prices. Also, Several DRAUGHT HORSES and eood HAGKS. Apply- JOHN HESSEY, 2258 Upper Plain.. F, E.NOBLE, Having purchased the tflOM Edward Jones, will attend at. I < the RAILWAY STATION On arrival and despatch of trains, delivering goods, packages, &c, in all .parts of the town at current rates. „ Orders left at Mrs Morris' Little shop punctually attended to. 602)2